Foreign Bailouts

Many Americans are oblivious to the massive amounts of money given to foreign countries. Our tax dollars help contribute to this aid. Here is a quick rundown on some of those countries:

The U.S. will give an estimated $26 billion in foreign aid in 2008—70% more than when President George W. Bush took office (the figure doesn’t include funds related to the wars in Iraq and Afghanistan). More than 150 countries get financial assistance from the U.S. Here are the six that received the most this year.

COUNTRY	AID	PURPOSE
1. Israel	$2.4 billion	Virtually all of this money is used to buy weapons (up to 75% made in the U.S.). Beginning in 2009, the U.S. plans to give $30 billion over 10 years.
2. Egypt	$1.7 billion	$1.3 billion to buy weapons; $103 million for education; $74 million for health care; $45 million to promote civic participation and human rights.
3. Pakistan	$798 million	$330 million for security efforts, including military-equipment upgrades and border security; $20 million for infrastructure.
4. Jordan	$688 million	$326 million to fight terrorism and promote regional stability through equipment upgrades and training; $163 million cash payment to the Jordanian government.
5. Kenya	$586 million	$501 million to fight HIV/AIDS through drug treatment and abstinence education and to combat malaria; $15 million for agricultural development; $5.4 million for programs that promote government accountability.
6. South Africa	$574 million	$557 million to fight TB and HIV/AIDS; $3 million for education.